13 August 2012

Waiting for the other shoe to fall

Do you feel like you're waiting for the other shoe to drop? Like something's coming and you just don't know which direction it's going to come from? Join the crowd.

(Hat tip Rav Yehuda)

Are The Government And The Big Banks Quietly Preparing For An Imminent Financial Collapse?

Something really strange appears to be happening. All over the globe, governments and big banks are acting as if they are anticipating an imminent financial collapse. Unfortunately, we are not privy to the quiet conversations that are taking place in corporate boardrooms and in the halls of power in places such as Washington D.C. and London, so all we can do is try to make sense of all the clues that are all around us. Of course it is completely possible to misinterpret these clues, but sticking our heads in the sand is not going to do any good either.

...from a recent Money Morning article....

Richard Duncan, formerly of the World Bank and chief economist at Blackhorse Asset Mgmt., says America's $16 trillion federal debt has escalated into a "death spiral," as he told CNBC.

And it could result in a depression so severe that he doesn't "think our civilization could survive it."

A former World Bank executive is warning that our civilization might not survive what is coming?

That is pretty chilling. ...It is almost as if a "perfect storm" is brewing.